Member Info for BaysilHope

Sorry last point - OBA pipeline Value exponential on Throughput (Perhaps why - matters are more contrived to limit value) - Work on 20kbopd average thru put saving on the general Putumayo field area $10 x 365 = saving to AMer $70m, work on a 5 year disc etc 10% good but at $50kbopd that pipeline is worth more than Amer entire business. - But let's not discuss that now. Let's wait for PLat 27 to be late. That's why I said possible MBO - accretive value - spend $100m in Ecuador (RODA next 2 years) ) and save the region $12/b x 50kbopd discounted 10% NPV if we get a parallel to RODA - which will happen the this company is North on $1.2bn - what a potential future value runway. Not many firms can offer that and if we spend $100m in Ecu we should getto cherry pick extra licenced areas. Why because previous Oil companies failed on their promise. GN

Missed it RH is selling big time at a profit in Amer at 17p and even more lower to mop up his tax losses in Pants Resources in the US, no limit to how many shares he has nor how low he will go to offload, price means nothing the RH. So that's the Shorters concerted logic The more Amer SP falls the more he sells and the BB's resonate to the vibe. I get it - I now understand or is it the Shorters selling more than RH by smashing the investment as a concerted effort, then like a phsyco switch sides - honest toos & fros Yes but this is getting out of control. . Not sure how to smash the SP down again - , but it you can't knock 7kbopd, the OBA at 10kbopd has No Value - No debt rubbished, regular updates a waste , massively low cost producer as our Depreciation element of OPex will fall with output - a relative static figure, Oh what can I criticise? The FARC Peace Process- Rubbish why invest in their future FkMe the BOD again, for what - holding back - Social issues. Wake up boys you've done it - it is 17p and can go lower. Well played. There little to destroy which leaves a great oppo medium term. Crack on. HNY GLA. Can't wait for the next raft of criticism, wait - I got it PLat 27 too deep no update tmz, Oil not $45 but only $55 no benefit to cashflow. its a Fking Rubbish business. Keep selling boys. Luv it. Luv the fact that investing has grown stature to this level. Where the Feck are we in 5 years, by the way the Where the Feck are we - are a 3ft race of South American tribesmen living in 7ft grass, always jumping shouting - wait for it 'Where the feck....... Sorry. Really is last post.- there's no point. GN

IMO Amer only need to find less the $210m to take over the business - Valued at £206m 1.215bn shares - need to gain +37% shares to control it say 500m at £0.29p @$1.35/£ = $210m (Ignoring Cash in hand) Job done the rest unwinds - that's a 3 year bay back and then exit to a major at $100 Brent and an OBA flowing at 50kbopd so Private equity make x 3 . Why go thru this huge PI shit & just play with major minded professionals . Brain storming amidst the all the -ves crap + on a cash generative business at 17p FFS Get real.

Sorry, I failed to mention Private Equity funds, -I would have thought - after Chrysoar etc etc many Private equity firms would support an MBO = No Debt Cash +ve huge upside runway valued at 17p. No brainer really, especially with a New Reserves CPR due in March to raise the finance - especially after all the negative Shareholders reviews -- I can't believe the 'Diss at this 17 p Element' Mentallie. GLA GN So for the BOD keep the SP low for a multitude but in the medium term my glass is empty I need to fill it with AMer after further shorting HNY. IMHO Only a guess - the BOD are being given a gift.

Sorry, forgot my glasses - apologise for the typo's. GN I'm finished.

If Amer can sustain +7kbopd and generate +$60m cashflow they don't need the market really and any Capex could come by way of RBL - they can than pay out whatever dividends without scrutiny in th epublic domain. I remember predicting this with Monsson during the Dot Com bubble it went from 45p +£3.5 before going private. Giles has enough contacts with Minicnko to do it. Only an option if it is forever dissed. HNY +GLA - The institutions would support a fair price if all this Fing about goes no where.

I look back at trading late 2016 at 26-30p with a cold shiver, we were overvalued in todays Shorters paradise. Now at 17p I feel disappointed but a lot safer - there is less risk at the expense of faster upside. AMER cash generation if sustained will eventually deliver - look ay Glencore - 'Short sellers bet £3bn against the UK's biggest company shares in a bid to exploit turmoil on financial markets' & what a recovery - we have some HNWI's selling, but they can't sell forever yet out of earnings= free cashflow - we can grow disproportionately larger with our investment options & supports a further +$56m Drilling Capex excluding Acq''ns, from $45/Oil Not $58 - whilst their position weakens - ignoring hedging and stock on loan. But the entrance level for massive shorting at 17p - must be dim. If Amers Mkt Cap - $260m less cash not worth a scrap - no debt - whereas PMO there's the $2.7bn weighing down on MKT Cap. The improved RNS's help, not perfect but if they deliver a Perfect 7k Prod'n for Len - it's a trading floor established to the upside. Given the portfolio - there should be more +ve next 6mthsthan Negative - than the rinse & repeat same old same old social issues. Glass half full or empty??? Time will tell which side is correct. HNY GLA

Oil collapse in 2014 so this was an expensive insurance policy - fortunately not req's Quote 'In order to position the Company to take advantage of any opportunities of a capital or strategic nature that may arise, in the second half of 2014 the Board entered into a reserve based lending facility with a consortium of banks led by Scotiabank. At the year end $175m had been made available under this facility which has remained undrawn - Dec 2014.GLA

Note 6 - Annual Accounts Report 2016 - the charge been there for 2 years, should finish soon so +$2m savings to come. Quote' In 2014, the Company entered into a three--‐year reserve based lending facility with a consortium of banks. The facility remains undrawn. The finance charge includes the amortisation of the fees relating to this facility over the term of the facility.' End quote Falls out in 2018. GLA

In 2018 Amer will make more profit at $57 Oil than $110/Barrel 2013-14 and have three times the reserves but NOT be Valued at 60p a share but 16.5p makes for a no brainers thumbs up - even with the odd Boston Tea party surprise. GLA Shorting is a short/medium term distraction really - you can't run a business on that logic - that's why it gets to me. HNY GLA - I 've bought & sold at 15p - but this is a quality business at fundamental level and the more you diss it the more risk you guys get into until, it will flip and be on the Wish list - Even Malcy no comment this week after Monday travels is siding with the Shorters, 30 pieces of silver Judas and your Spt 16 free lunch. GLA

Yes to all previous posts- what Does Warren concern himself and 99% of all businesses is Cash generation. CPO 5 valuable light Oil sold at pump +$41 Net back - 7kbopd not $45 Oil $57 Oil - fully funded - we are making a mint and the market is ===Shorters driven by the herd using RH as a Smoke Screen - for the young & foolish don't start shorting at 16.5p FFS you will get creamed - take well deserved profits because a herd of people will pile in here at a certain RISK FREE Level, No Debt and record output. At the end of the day - Investors and other Businesses invest in cash generating companies - we are on that list, with a huge runway for future growth - the infrastructure is in place at Low Oil levels, we are a keen Takeover target not as a ploy FFS as I said Land Coalescence = High Value Trades and the BOD know this. Our assets deserve a premium at some date - the Shorters will win short term (That's the time to hoard) then business reality will govern, it's a question of time, Patience and greed, the Market can be misplaced HNY. As a PI its up to all of us to decide - that's the fun, that's the risk, but at the end of the day the business must have fundamentals and generating +$7m per month is good enough for me, despite the odd Local in Country party.. It's about a journey and the Shorting has a good roll to play to allow us to go back and revisit SP levels and enjoy profitable volatility. What I hate when they control & contort the public essence of the business and forget about the basics cash generation - that's Shorting weakness and when an RNS comes out Like Zama from PMO Bang!!! +35% upside burnt.

The way for Middle East to hurt the US Cut More oil and mess with the US Deficit already hurting from +$60Oil - Shale waste of time. Great to put pressure on the righteous. HNY

Guy's Nuts - I wouldn't want to be too Gunniiiinnggg on Oil Shorting, this will kkicjk off Globally - Quote the Start - Trump risks 'destroying peace hopes of Israelis and Palestinians' UN secretary general opposes Washington unilateral move, as voices across world condemn ‘opportunity for extremists’ Donald Trump’s recognition of Jerusalem as the capital of Israel has drawn an angry and despairing response from global and regional leaders – who warned it would destroy the peace process, strengthen extremists and weaken the standing of the US in the world. In an address to reporters moments after the US president had finished speaking, the UN secretary general António Guterres said he opposed “any unilateral measures that would jeopardise the prospect of peace for Israelis and Palestinians”. “In this moment of great anxiety, I want to make it clear – there is no alternative to the two-state solution,” Guterres said. “There is no plan B.” Earlier on Wednesday Pope Francis had issued a heartfelt plea to Trump to respect the status quo of the city, and to conform with UN resolutions. The pope told thousands of people at his general audience: “I cannot keep quiet about my deep worry about the situation that has been created in the last few days.”

Last point - Amer are extremely lucky - through diligent hard work to benefit in the future from Coalescence to the magnitude of 3 active prospects. 1. OBA Cluster - Massive Coalescence of the surrounding pipleline area Put 8/9/12 Coalescence Area x 8 - with cost effective Acquisitions in Colombia delivering known understandings - i.e volume Known Understandings 2. 3 Dimensional Coalescence of existing and yet to be explored Licences N U Sands Etc Multiple T Saked Plats in Plan & Outside Layers - See Gran Tierra low risk - so 2 & 3 dimensional; Gains 3. Potential Ecuador - Potential Pipeline & Licence opportunities going forward - other side of the Border shared Oil Play Exploration & Output Mechanism - See Gran Tierra Presentation highlight - Putumayo Three New discoveries in conventional carbonate & sandstone with encouraging results New A-Limestone Q3 2017 production: 3,475 bopd gross -New sandstone Q3 2017 production in PUT-7: 1,138 BOEPD W.I. oUnderexplored basin with stacked plays -We believe that the Putumayo is highly prospective, having been underexplored relative to the neighbouring Oriente basin in Ecuador due to the conflict with the FARC ( And we shy away TXXtS) FFS -In addition to the Caballos, T and U sands that have historically produced most of the oil in the basin, other producing horizons are now emerging, such as the N Sands and several carbonate plays, including the A-Limestone oDominant land position and proprietary seismic database -GTE is the largest landholder in the basin with 1.1 million gross acres and operates the vast majority of the blocks in which we have an interest -We have a substantial seismic database covering much of the basin - Cont'd HIGH-IMPACT COLOMBIAN EXPLORATION PORTFOLIO Competitive advantages in Putumayo •Proprietary regional seismic coverage of 2D & 3D •Large contiguous land base and infrastructure •Significant multi-zone production Active exploration program •Target drilling of 30-35 wells in next 3 years to test 80% of prospective resources Prolific basins with potential for regional plays •Putumayo, MMV and Llanos Basins all have long track records of oil production and infrastructure •Carbonates may be oil-charged regionally across the Putumayo Potential Takeover or what at 17p - take the Balance Sheet cash out of the value - cheaper than RBS on a good day. HNY GLA - I think that's why Dana is there to Advise and hold off. GN Last post - interesting Multiple Stacked layers as JTD pointed out and the GT CEO Interview - great posts massive help Ta

Sorry - couldn't resist this - as radical new gets out of the White House - Black Sabbath Album Tyr = Jerusalem Historic news needs an Anthem - I do Apologise - this could send Oil up - I hope there is no Uprising. Quote By the way - it is an excellent track - No Ozzie though after his days. The highway's screamin', callin' out your name Cause every road that you travel on There's a price to pay A thousands eyes are starin' But the blind still lead the blind [CHORUS] Where will you turn if it all goes wrong and you're on the run Jerusalem? You say you walked through the valley You say you've seen the signs Echoes call you from a distant age Or is it in your mind? Then a thousands souls rise from the sea Holding up the sun And an angel cries beware your lies' It could be the end of it all [CHORUS] Everybody knows your name, every road leads to anger Will it always be the same, is there reason to return? [CHORUS] When an angel cries - Jerusalem Better watch your lies - Jerusalem

I really miss this on other BB's excellent educated points made and I have read with interest and enjoyed DIFFERING opinions - that's where you learn!!. GLA This is what Investing is all about IMO, it's about understanding the investment business from varying viewpoints - we all have a parcel to contribute. Please carry on. My focus now is to read more on Reserves that could feature in March 18 - as pointed out below. Respect. Last point, I did buy a few months back in the 15's and sold modest profit, I didn't think we would be so cheap again at 7kbopd, it's a nice Xmas Present and on the back of that I've got two friends on board ( who invest but not Oil and never Colombia) and their in funds from the same trades - we get to do it again but larger as the risks have reduced - forget US shorting of Oil short term.

Thx BF - Last post I'm off early tmz, one note look at the 'Real/Not Mandatory RNS distribution per Qtr, QTr 1 Acquisition's etc 7 to Mar 17 Exclude Notices -, Qtr2 to June 17 =14 CPO % SP 27p then the collapse Qtr 3 = 7 - Social RH Scare mongering etc etc the current Qtr 11 up to date and most meaningful, expect more to end the Financial year IMHO which would give the MM's enough info to push up the SP and stop the Demise - Next year many more Pat 27, new drilling of "N Put 8/9/12 FFS - reserves going North & OBA upto 18kbpod with 3rd party tariffs and with $40m cash growing per day - more acquisitions - I think we will buy out Put 8 & 12 to 100% family silver . HNY GN GLA

What a Difference 1 Yr can make � a 40% fall in SP � Why? Have AMER & the Oil Market ******ed last 14mths? Quick review of Key Metrics:- 1. Farc Peace Agreement 16-17 2. OPEC - Output cuts 9 month Extension Sept 18 3. World Oil stocks � nearing 5yr Av - Surplus hugely dented and reducing despite US messing 4. OBA operational limit 5k Cap - lifted to 10k with relatively clear route and line of site to 18k - PetroAmz onside 5. Massive extension of OBA Cluster Licences � Put 8/9/12 tie in to OBA 6. Second Field � CPO Guzzler � at 4.k bopd x 30% 1200 bopd or 27% of our H1 2017 output - SP was 27p On RNS stating the find 7. Reserves � will significantly Re-Rate March 18 and further with N Sands to follow & CPO 5 bagged 8. POO - Q4 Average Brent discount $56-7 Netback +$40 and to continue - huge profitability despite Local Issues 9. Global Oil Demand Strong & in continuance 10. Social Issues manageable � for longer term benefit (We hit 6kbopd and now have a second field) 11. Shale output newted � next 6 mths 12. No Debt - $29m in hand and climbing $1.5per week ~ +6kbopd 13. Regular Board RNS updates, despite caveats 14. Rex Harbour holding down to 5% by now � really used as a shorting weapon - diminishing 15. No Tribal issues, HSE or environmental concerns 16. Directors Buy ins + 2m shares & Wardle made first UK TV Interview for years. 17. Locally based hungry competition � Gran Tierra etc etc will seek out the OBA cost advantage and a ready made pipeline & runaway estate for Exploration surrounding area. 18. Strengthen Board � Dana etc etc Yet the SP is down from 30p � of the Malcy Analyst visit and now 18.25p when we have over achieved the structural business plan. Five Problems � A. Shorters current share position that needs to unwind B. Shorters greed C. Hedge funds � will diminish as Oil stabilises especially 9 months extension & Armaco D. PI�s & Institutions need to see consistency. E. Removal of Major Shareholder suppression reduced to FA All will have to move on or reduce in due course. Cash generated and as a stupidly cheap acquisition will prompt a re-rate in due course. I was there in the heady days of 30p. Now cautiously adding, especially on the discounted days, which are very regular. I think a re-rate will be due soon, when the Shorters & Hedges have unwound and let the share raise to go back in again and double bubble, no point going heavy shorting at the levels. IMo better readjusting at 27pp FFS HNY GLA

Sorry - I Defended No claim on 2018 too strong - yes you are correct to view your calc, I guess I've been a victim of Amerisur forecast for TOO LONG to be quoted. Am sorry - please ignore my earlier criticism, yes Amer can - as you outlined. No Offence meant. Well within your rights - GN. Gut frsutratijon - as we all feel. I'll Fk Up Please post - my fault. Too tired - no patience. GLA GN

HI Howard, If you read what I said was in a nutshell - we could LOSE 3-4 Operational days (In Nov ) due to Public Holidays 6th Nov All Saints Day & 11th Nov Carteg-whatever and still be up. - The Brent +$6 allows for operational slippage - a few days - in reference I never said About a full year NO Read below - only next two operational months ( I mentioned) - so Howard What the FxxK are you smoking Sweet Pea- Aye Howards End. Did not predict 2018 FFS HNY Read Again.